Closely held corporation
Closely held corporation is a corporation that is so small that their common stocks are not actively traded; they are owned by only a few people, usually the companies' managers.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Closely held corporation. Refers to companies that are so small that their common stocks are not actively traded; they are owned by only a few people, usually the companies' managers.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
